tax-exempt

[ taks-ig-zempt ]
/ ˈtæks ɪgˌzɛmpt /

adjective

not subject or liable to taxation: tax-exempt imports.
providing income that is not taxable: tax-exempt municipal bonds.

noun

a tax-exempt security.

Origin of tax-exempt

First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for tax-exempt

British Dictionary definitions for tax-exempt

tax-exempt


adjective

(of an income or property) exempt from taxation
(of an asset) earning income that is not subject to taxation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012